The Energy Society
The Energy Society works closely with Community Power Cornwall to facilitate and take a direct stake in joint ventures with local landowners and commercial partners. It not only gives local people a leadership role with these developments, but also allows commercial energy generation to meet local needs and enables local communities to participate through public share offers, benefit funds and service packages, which also provides employment opportunities for community development workers to deliver local projects.
The Energy Society currently has a direct stake in a 500KW wind turbine with a local farmer at Lawhitton, Launceston and other projects in the pipeline.
Helford Energy Society (no. 31351 R)
The Low Carbon Society
The Low Carbon Society is a Community Development Finance Institution (CDFI) that operates a revolving loan fund to finance and support local, independent energy co-ops. The Society has the ability to offer loan or equity finance with all proposals assessed through a peer review panel. Peers develop skills, experience and knowledge through the support and development of Community Power Cornwall.
Initial start-up capital for this CDFI was secured in 2008 with further finance provided through a credit facility with Cornwall Council. Finance secured through the Low Carbon Society also provides communities with the ability to leverage mainstream finance.
The Low Carbon Society provides a £2.7m loan facility with an active loan book of over £1.5m.
Community Energy Enterprises supported to date:
2 x 80KW Endurance wind turbines
Total loan value – £454, 168
Location: BF Adventure, Halvasso
10 Aircon wind turbine
Total loan value – £50,000
Location: Lawhitton, Launceston
Joint stake in a 500KW EWT wind turbine
Total loan value – £376,543
Location: Nanstallon, southy West Water sewage treatment works
100KW ground mount Solar PV
Total loan value – £101,000
Location: Humphry Davy School, Penzance
153.66KW Roof mounted Solar PV
Total loan value: £268, 473
Fowey Renewable Energy Enterprise
50KW Roof mounted Solar PV
Total loan value: £46,000
Tamar Energy Community
Roof mounted solar PV
Total loan value: £285,000
For further information about the Low Carbon Society, please contact email@example.com